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Horace Mann price target lowered to $39 from $40 at Keefe Bruyette

Keefe Bruyette analyst Meyer Shields lowered the firm’s price target on Horace Mann to $39 from $40 and keeps an Outperform rating on the shares following the Q2 report. The firm expects compounding earned property and casualty rate increases and moderating personal auto loss trends to support underwriting margin improvement in the second half of 2024 and 2025.

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